TNAG-2601-FCO40-3789-Departure-of-Lord-Wilson--former-Governor-of-Hong-Kong--July-1992 — Page 68

1992-01-03 14:35 INFORMATION SERVICES DEPT

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AIRPORT

The Post in the front page reported that the highest bid for the tender of the Lantau Fixed Crossing was about $9 billion while the other three offers ranged between about $6 billion and $8 billion. The paper quoted a senior Government official as saying that he was satisfied with the bids, which vindicated the choice of "fixed price" contracts for airport core projects. The report said the lowest bid came from Hyundai of South Korea while the highest offer was made by Britain's Trafalgar House. Meanwhile, the United Democrats was encouraged by the outcome. Its spokesman Chan Wai-yip called for similar contracts for other airport core projects.

BCC

The

The Post in the business front page said the BCCI had agreed to guarantee a maximum amount of liabilities not currently recorded in BCC's books but which might surface over a certain period of time. paper said BCCI had earlier offered to guarantee BCC's unrecorded liabilities which would have been revealed on or before November 5 last year. Under the guarantee being negotiated, the date would be extended.

OTHER STORIES

The Post said the Housing Authority had denied that it was preempting the Government's latest broadcasting review by agreeing in principle to let Star TV show its programming in public housing estates. Authority's Assistant Director for Regional Management Simon Li said they had kept the Recreation and Culture Branch informed of the move and had given them the chance to comment on it.

Commenting on Britain's slow in-take of VMs, the Post in an editorial said while HK was grateful for Britain's offer to pay for half the cost of the mandatory repatriation programme, it could not help but question the sincerity of a government that did not treat one of its commitments to the territory with alacrity.

The Post said conservation groups, fighting plans to build a golf course in Pat Sin Leng Country Park, had criticised the Government for barring the public from yesterday's district lands conference which discussed the development's lease conditions.

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